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markets and hurt the u.s. at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the drop in sales is not entirely bad news because there were fewer homes on the market. inventories are at their lowest level in seven and a half years. sales were up in the northeast and western u.s. while they fell in the midwest and south. for the entire year, existing home sales saw their best y
borrowing limit as soon as mid-february. so president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being b
the republicans were down and out. think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the republicans are giving in already. i had a couple of discussions this weekend, and some of your colleagues, explain the rational. number within, they say sequestration that's cuts are going into effect and force the president and senate to come one a budget and the senate didn't pass a budget in three and a half years. i liked it more when it was explained to me. is that about right. >> i think it is, sean and about time the senate did the legal responsibility of passing the budget we passed one each the last two years we'ven been in the majority. the ryan plan laid out how to
and again washington will work these things out, they will figure out the debt ceiling. are you now bleaker in your outlook because of what you have heard yesterday? >> i think we will get a debt to income because republicans poll numbers are so terrible. the last thing they need is another pr debacle so they will cave on the debt ceiling i'm quite convinced. sequesters different from the republicans can demand some offset in spending cuts, so we will have a big debate on new spending restraint in the next month or two. dennis: if you heard the president's speech yesterday, i didn't hear the word deficit hardly at all. i did not hear about the growth of the economy, just everybody makes sure they have to have a chicken in every pot. >> you can be guaranteed on the state of the union address in on the 12th of february he will talk about new investments, high-speed rail, that means spending and it is not going to happen, nowhere in the world that can get through the house. dennis: thank you for being with us today. cheryl: president obama tries to push through his agenda for the next four yea
. >>> raze cline, my friend, there is a vote on the debt ceiling tomorrow, and i want to know -- >> there is? >> did you know? what's your over and under on that? >> i think it will probably pass unless boehner is going to get badly humiliated again. i was shocked by what they did. in the textbook of what they're doing, they are not lifting the debt ceiling. they are putting into the bill that instead of lifting the debt ceiling, we are suspending it, so we are saying that for this period of three months the debt ceiling gets no higher, it just does not apply. it has magically vanished. we live in a sane political world in which we no longer have a debt ceiling. in addition to basically saying we don't have enough sort of leverage on this to fight on it, they have also set the precedent of you know what we can do, make the debt ceiling disappear, and then nobody has to vote on raising it. i think they should do that for a little bit longer. like forever. >> it is smoke and mirrors. i really don't think the world republican necessarily applies to many of the members in the house republican ca
to pass through the house and assume the senate would agree to it a raising the debt ceiling for an unspecified amount to somewhere in the future we'll have a battle over that, that's yet to be determined what exactly that looks like and i didn't hear any answer to that question. i asked privately over the last few days. >> now i'm an eternal optimist system of i actually think it's fine to resequence what we're doing right now, as long as we get the promise from leadership that they'll strick to the principles and goals we have set forth my message to leadership has been pretty clear. the goal is not to have a balanced budget. the goal is to have a budget that balances in 10 years. the goal is to have a path to a balanced budget. so if all they're going to do is resequence everything so we can have a republican budget pass the house of representatives, we don't need to resequence anything to just have a republican budget pass the house of representatives. if we're going to stick to our fighting principles, which is that we have a bloated government, that the american people
, that speaks about individual freedom. and to indicate that even as we discuss budget talk and the debt ceiling we must recognize the freedom of the vulnerable to be safe and secure, to be without -- to be having the support to be able to have food and clothing and a home. that is freedom as well, my friends. so we debate the questions of the debt ceiling and whether we have a budget. let us be reminded that freedom is a gift of god and that it should not be denied to those who are most vulnerable, those who are the speak, those who cannot stand for themselves answer the president made it very clear that freedom is not to the powerful, it is for all of us. we all are created equal with certain unalienable rights of life and liberty in the pursuit of happiness. i yield back my time. the speaker pro tempore: the gentlewoman yields back the balance of her time. for what purpose does the gentleman from new jersey seek recognition? the gentleman from new jersey is recognized for one minute. mr. pallone: thank you, mr. speaker. today marks the 40th anniversary of roe v. wade, and ultimately decisions
her eyes at that. >> brian: he's shaking it off like i cannot believe he's doing it again. >> gretchen: looks like bainer and obama are laughing about t. hey, you're going to listen to me about the debt ceiling discussion this time? let us know what you think they were actually talking about that would make them laugh and michelle obama give the eye roll. let us know. you can twitter us or e-mail us. >> brian: we'll find out what happened because as you mentioned, the president seemed to be okay with it. >> steve: maybe he didn't see it. they were just talking about something -- we don't know. >> brian: we'll get the speaker on. >> steve: that would be nice. let's make some phone calls. in the meantime, 25 minutes before the top of the hour on this tuesday. it may be the worst arctic storm the midwest has seen in years, they're saying. it triggered a pileup in cincinnati, ohio, involving 86 cars. for more on this bitter cold weather, check in with maria molina. we got the jet stream. it's chilly. then we had the snow and the wind. it was blizzardy. >> yeah, that's right. actually it's >>> when we come back, the debt ceiling spike. you've heard the doom and gloom warnings. but is there really a chance ta uncle sam defaults on the nation's bills? our next guest says, yes, there is. we'll find out why. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. . >>> welcome back. u.s. equity futures at this hour down about 31 points or so is what we're expecting so far. making headlines, atari's u.s. operations filing for chapter 11 bankruptcy protection. >> oh, no. >> yeah. the video gamemaker wants to separate from its french parent company and that company is filing a similar motion separately in france. atari says the move is necessary to security investment in its needs to invest in mobile and downloadable games. >> that would be great, space invaders coming to my blackberry soon. >> missile command. >> i
the nation's debt ceiling. you saw pete sessions, the rules committee chairman, filing that rule on the house floor a moment ago. they met this afternoon to discuss the flan which would require both chambers of commerce to pass a budget plan by april 15 or have their salaries withheld. the debt at $16.4 trillion. the meeting is an hour and 20 minutes. >> i want to welcome our -- three of our four witnesses that are here. it's always a fun thing to see a star of the show, everybody wants to get their autograph. mr. chairman, welcome to the rules committee. we're delighted that you're here today to discuss h.r. 325, a very important bill. and i noticed the former chairman of the committee, the ranking member, is here. we also welcome her testimony that will begin. we'll give mr. brady a chance to get here, but the chairwoman, the head of the house administration committee, the gentlewoman from michigan, and delighted that you are here. as always, the rules committee is delighted that you've taken time, both we were excited about your presence today. a chance for you to be before the committee a
Search Results 0 to 11 of about 12 (some duplicates have been removed)